Almost a Third of Russian Seaborne Oil Export Potential is Stuck in Tankers

Around 1.4 million barrels per day of Russian oil, or almost a third of the country's seaborne exporting potential, remain in tankers as unloading slows due to U.S. sanctions against Rosneft and

Hapag-Lloyd Pledges to Address Costs as Nine-Month Profit Drops 50%

German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-year earnings forecast, blaming volatile

New Partnership Brings Accelleron Digital Solutions to seawise’s Vessel Data Platform in Japan

Accelleron, Turbo Systems United—its joint venture—and seawise have entered into a partnership agreement to expand the reach of Accelleron’s digital solutions in the Japanese maritime market. Under this agreement, certain Accelleron digital

Iron Ore Imports Spike 7% in China

“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak,

ESG Launches Fisher Island Ferry

Eastern Shipbuilding Group launched the vehicle-passenger ferry FALCON, being constructed for the Fisher Island Community Association (FICA).The  ferry is designed to meet the unique needs of the Fisher Island route, combining enhanced

Hapag-Lloyd Records 50% Profit Drop, Lowers Full Year Outlook

German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing

Solstad Maritime Inks Contract for Normand Sentinel CSV

Norwegian offshore vessel owner Solstad Maritime has signed a contract award with an international subsea contractor for the Normand Sentinel contract support vessel (CSV).The firm contract will start early 2026 and will

Crew and Cattle Stranded Off Turkey

The 52-year-old livestock carrier Spiridon II remains in quarantine off Turkey with around 20 crew and 2,853 cows onboard.Having departed from Montevideo (Uruguay) bound for Turkey on September 19 with 2,901 heifers,

Gulf Island Reports Strong Third Quarter

Gulf Island Fabrication has reported strong third-quarter results with revenue of $51.5 million and adjusted EBITDA of $2.5 million, despite softer trends in its services business, a decline in small-scale fabrication activity